if that happens, cyprus's economy faces immediate collapse. in that cypriot's words, the negotiations are in a very delicate phase. the monday deadline is looming. whatever is agreed in brussels still needs to be adopted by the cypriot parliament. that is by no means certain. >> i'm following the story for us with our correspondent. bring us up-to-date. >> the euro groups finance ministers are in brussels here. they're waiting for the meeting to start. at meeting was originally scheduled for 6:00 local time. that would've been two hours ago. that meeting was delayed by two hours. we're expecting them to start negotiations now, but nothing has been confirmed yet. they haven't started. it's all been very confusing. it didn't look until the very last minute until before the meeting that there was a deal. there were reports that cyprus could need 2 billion euros more than what was initially on the table. it's all very uncertain. >> the reason for that delay is the president of cyprus is still locked in these talks with the ecb, imf, european commi